If the rate of inflation is 8 percent and a lender receives $11,000 at the end of the year for a loan of $10,000,the real rate of interest is approximately ________ percent.

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The Answer of If the rate of inflation is 8 percent and a lender receives $11,000 at the end of the year for a loan of $10,000,the real rate of interest is approximately ________ percent.

If the Rate of Inflation Is 8 Percent and a Lender